Guideline Value for AGATHIYAR NAGAR 38th STREET

AGATHIYAR NAGAR 38th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 38th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 38th STREET has changed

The guideline value for AGATHIYAR NAGAR 38th STREET has seen several revisions since 2007. The 2007 revision set the guideline value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose sharply to Rs 4,500 per sq.ft, and the latest revision in 2024 has set it at Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making the guideline value of AGATHIYAR NAGAR 38th STREET equal to this median.

• AGATHIYAR NAGAR 37th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 39th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 36th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 3rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 35th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 40th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 38th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers AGATHIYAR NAGAR 38th STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR 38th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in Villivakkam

The guideline value is a crucial factor when buying or selling property in Villivakkam, as it determines the minimum value at which a property can be registered. It serves as a reference point for calculating stamp duty and registration fees, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the actual market conditions.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 38th STREET?

The current guideline value of AGATHIYAR NAGAR 38th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 180% over this period.

What is the stamp duty rate for properties in AGATHIYAR NAGAR 38th STREET?

The stamp duty rate for properties in AGATHIYAR NAGAR 38th STREET is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for AGATHIYAR NAGAR 38th STREET?

The Sub Registrar Office for AGATHIYAR NAGAR 38th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of AGATHIYAR NAGAR 38th STREET?

AGATHIYAR NAGAR 38th STREET is classified as Residential Class III Type - II.